From Investing.com: 2025-05-16 04:33:00

Gold prices rose by 1.97% on Thursday as weak US economic data, including lower producer prices and sluggish consumer spending, weighed on the US dollar. This shift in monetary expectations could impact future Federal Reserve policy decisions, potentially leading to more rate cuts. XAU/USD fell during early trading sessions but may rally if the University of Michigan’s consumer sentiment data disappoints later today.

The euro gained 0.10% against the US dollar as downside surprises in US economic data increased expectations for future Federal Reserve rate cuts. Fed Chairman Jerome Powell’s remarks suggested a potential pivot in strategy to support the economy, potentially leading to more easing measures. EUR/USD rose slightly during early trading sessions and may be influenced by global trade tariffs and US Retail Sales data later today.

Bitcoin consolidated near $104,000 as investors awaited decisions on US interest rates and tariffs. Weaker US economic indicators have led to expectations of a more dovish policy trajectory, as concerns about economic momentum grow. BTC/USD rose slightly during early trading sessions and may experience volatility based on the University of Michigan’s Consumer Sentiment data later today.



Read more at Investing.com: Gold Prices Surge on Soft U.S. Economic Data and Dovish Fed Expectations